A ________ Is a General Purpose Computer Running Specialized Software

question 40

Short Answer

A ________ is a general purpose computer running specialized software that turns it into a smart phone switch.These cost significantly less than traditional circuit switches and can provide more functionality.

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Definitions:

Marginal Revenue Product

The additional income generated from using one more unit of a resource, used in economics to determine the optimal level of resource employment.

Profit-maximizing

A business strategy aimed at achieving the highest possible profit through adjusting production levels, pricing, or other operational methods.

Marginal Revenue Product

The increased earnings resulting from the utilization of one more production factor unit.

Profit-maximizing

The process of adjusting the production and sale of goods and services to achieve the highest possible profit.